This compound is primarily utilized in the field of medicinal chemistry and research, particularly in the development of anticancer agents. It serves as a key intermediate in the synthesis of nitrogen mustard-based chemotherapeutic drugs, which are known for their alkylating properties. These drugs work by attaching alkyl groups to DNA, preventing cancer cells from proliferating. Additionally, it finds application in biochemical studies to understand the mechanisms of alkylation and its effects on cellular processes. Its role in targeted drug delivery systems is also being explored to enhance the efficacy and reduce the side effects of cancer treatments.